Indiabulls to Consider Fundraise Proposal at Upcoming Board Meeting

Indiabulls to Consider Fundraising Proposal at Upcoming Board Meeting

Real estate and financial services company Indiabulls has scheduled a board meeting for Wednesday, 3 June, to consider and approve a proposal for raising funds for its subsidiary by issuing equity shares or convertible or exchangeable securities. The company intends to explore various permitted fundraising routes, including a qualified institutions placement (QIP), a preferential allotment, or a mix of these methods, in domestic and/or international markets. The final pricing of the securities will be subject to shareholder approval and necessary regulatory and statutory clearances.

Financial Performance

Indiabulls reported a net profit of ₹194.26 crore for the quarter ended March 2026, a significant improvement from a net loss of ₹164.17 crore in the corresponding period last year. The company's total income surged to ₹418.39 crore during the quarter, more than doubling from ₹149.15 crore a year earlier. For FY2025-26, Indiabulls posted a net profit of ₹346.13 crore, against a net loss of ₹272.73 crore in the previous fiscal. Total income for the year increased to ₹880.78 crore from ₹539.95 crore in FY2024-25.

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Share Price Trend

Indiabulls share price trend has largely remained positive amid weak market sentiments. The stock has gained 10.59% in a week and 17.56% in a month. Furthermore, the stock has delivered 23.41% returns on a year-to-date (YTD) basis and 38% returns in a year. Indiabulls shares have almost delivered multibagger gains of 91% in three years, however, have declined 81% in the last five years.